The bilateral trade turnover between Kazakhstan and China increased by 30 in 2023%
Source: The DairyNews
The bilateral trade turnover between Kazakhstan and China increased by 30% last year, reaching $ 31.5 billion. Prime Minister of the Republic of Kazakhstan Olzhas Bektenov and Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Kazakhstan Zhang Xiao discussed issues of further cooperation, The DairyNews writes with reference to the press service of the Prime Minister of the Republic of Kazakhstan.
The volume of Chinese investments in the economy of Kazakhstan for 9 months of 2023 amounted to about $1.4 billion. Currently, 45 joint Kazakh-Chinese projects with investments of more than $14.5 billion are under implementation. In 2 months of this year, the volume of container traffic increased 2.6 times.
"At the same time, the existing potential of trade relations demonstrates the prospects for further diversification of trade turnover and expansion of investment cooperation," the Kazakh ministry said in a statement.
In particular, measures to eliminate restrictions in mutual trade, remove administrative barriers and simplify customs procedures were discussed at the meeting. The readiness to increase the supply of Kazakh agricultural products of high processing to the Chinese market has been indicated. The parties discussed the construction of a new railway checkpoint "Bakhty-Tachen", the expansion of the potential of the Trans-Caspian International transport route and the development of regional integration.
"Kazakh-Chinese joint projects allow us to create high-tech enterprises for the production of high-quality and market-demanded products. Today, 3,000 joint ventures are successfully operating in our country. This testifies to the sustainability and productivity of the partnership between the business communities of the two countries," Olzhas Bektenov said.
The Chinese Ambassador to the Republic of Kazakhstan also confirmed the high dynamics of the development of the strategic partnership between the two countries.
"At the same time, the existing potential of trade relations demonstrates the prospects for further diversification of trade turnover and expansion of investment cooperation," the Kazakh ministry said in a statement.
In particular, measures to eliminate restrictions in mutual trade, remove administrative barriers and simplify customs procedures were discussed at the meeting. The readiness to increase the supply of Kazakh agricultural products of high processing to the Chinese market has been indicated. The parties discussed the construction of a new railway checkpoint "Bakhty-Tachen", the expansion of the potential of the Trans-Caspian International transport route and the development of regional integration.
"Kazakh-Chinese joint projects allow us to create high-tech enterprises for the production of high-quality and market-demanded products. Today, 3,000 joint ventures are successfully operating in our country. This testifies to the sustainability and productivity of the partnership between the business communities of the two countries," Olzhas Bektenov said.
The Chinese Ambassador to the Republic of Kazakhstan also confirmed the high dynamics of the development of the strategic partnership between the two countries.
